Highlights / Economy

Economy

Brewers say another tax increase harms pandemic recovery

Canadian brewers say a federal government tax hike on beer is the fifth in four years and it will hurt not only everyone in their industry but also bars and restaurants already suffering due to pandemic restrictions.  Beer Canada represents »

Economy, Health, Society

Ottawa to invest $415M in Sanofi’s flu vaccine facility in Toronto

The federal government will invest $415 million to help French pharmaceutical giant Sanofi build an influenza vaccine manufacturing facility in Toronto, Industry Minister Francois-Philippe Champagne announced Wednesday. Sanofi will invest $455 million and the provincial government of Ontario will chip »

Economy

Canada’s economy grew by 0.7% in January, says Statistics Canada

Canada’s economy grew by 0.7 per cent in January, despite lockdown measures in the face of the second wave of the COVID-19 pandemic, Statistics Canada reported Wednesday. The national statistics agency said the economy outperformed its own expectations and was »

Economy, Society

Campaign aims to empower women in the economic recovery

Statistics show that women’s careers have suffered disproportionately during the COVID-19 pandemic, and a not-for profit is launching a campaign to ensure “women are supported and empowered in Canada’s economic recovery.” The campaign is called It’s Not Complicated and uses »

Economy, International, Politics

PM Trudeau co-hosts meeting of world leaders as UN warns of debt crisis

Canadian Prime Minister Justin Trudeau co-hosted a virtual meeting of world leaders on Monday as the United Nations warned that a looming debt crisis risks sending the global economy “spiralling deeper into the worst recession since the Great Depression.”. The »

Economy, Health, Immigration & Refugees, Society

Vaccinate undocumented workers, urge advocates

Many migrants in Canada are facing obstacles in getting vaccinated against COVID-19 and advocates are demanding change.  The Migrants Rights Network and doctors, health policy experts and labour leaders are calling for immediate action to ensure that all migrant workers »

Economy, International, Internet, Science & Technology, Politics

Canada moves to protect intellectual property and research from espionage

With Canada’s intellectual property and world-class research “increasingly targeted by espionage and foreign interference activities,” the federal government is moving to “protect the country’s national security, long-term economic competitiveness and prosperity” with new guidelines on research security, officials say. In »

Economy, Politics, Society

Economic anxiety dogs many Canadians ahead of budget

A recent survey suggests that two-in-five Canadians are plagued by economic anxiety and half are worried that someone in their household might lose their job.  The Canadian government will present a budget on April 19, 2021 and Canadians will be »

Economy, Society

WestJet to restore Eastern Canada routes suspended due to COVID-19

WestJet says it will restore flights to communities in Eastern Canada that were suspended last November due to the pandemic. The Calgary-based airline says flights to Charlottetown, Fredericton, Moncton, Sydney and Quebec City will resume beginning June 24 through to »

Economy, International, Politics

Struggling businesses–from tourism to cultural–ask for subsidies extensions

A group that says it represents the businesses in Canada hit hardest by the fallout from the COVID-19 pandemic is asking the federal government to extend federal and wage subsidies past its June 5 deadline–until the end of the year–when »